hello bunty. to sell ur car which is on loan first of all u will have to repay the loan & than u can transfer the car to ur name hypothicate it & than u can sell it. call at citibank branch & know all the procedure they will explain u everything.

Dear Sir,

Firstly you will have to get your loan cleared and get the hypothecation cancelled, for this you will have to pay some nominal extra pre re payment fees.

If the buyer is interested in taking over the loan and is credit worthy as assessed by bank, you can get into a mutual tripartite arrangement with finance co and the prosepective buyer. This depends on the banker who has financed the vehicle. Liase with your bankers to explore this possibility.  Some times foreclosing a loan may invite some penalty or finance charges.  You can negotiate this with banker and get into a mechanism of transferring the loan....

regards

ram